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Brexit Deal Agreed with EU27- 1 Minute Forex News

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Daily Market Analysis
Monday, 26 November 2018

Top Winner: AUDUSD
Worst Loser: EURUSD

=========================
EVENTS:
German Ifo Business Climate (EUR)
ECB President Draghi Speaks (EUR)
=========================

HEADLINES:
GBP/USD remains steady near 1.2800 level with a minor gap up this Asia morning after successful withdrawal agreement with EU27. PM May to face hard road at home.

SUMMARY:
Concurring a Brexit deal with the European Union may be the simple part for PM May, Getting it through a separated parliament at home could be an altogether harder fight.

UPCOMING:
BOE Gov Carney Speaks (TUESDAY, GBP)
Trade Balance (TUESDAY, NZD)
CB Consumer Confidence (TUESDAY,USD)

FORECAST:
As the morning gap was limited, range trading is back in play, we are not out of Brexit turmoil yet as PM May will need to continue her fight at home.
Current sentiment showing signs of retail going long against USD, where prices may still continue to fall.

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